Business
POET’s Chairman & CEO Provides Business Update
Scaling to meet explosive demand for POET’s AI infrastructure hardware TORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the
About this update from Poet Technologies Inc.
[{"type":"text","content":"Scaling to meet explosive demand for POET’s AI infrastructure hardware\nTORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- POET Technologies Inc. (\"POET\" or the \"Company\") (TSX Venture: PTK; NASDAQ: POET), a leader in the design and implementation of highly-integrated optical engines and light sources for Artificial Intelligence networks, today issued its “2025 Outlook” letter to shareholders from its Chairman and Chief Executive Officer, Dr. Suresh Venkatesan, providing a review of the market, the Company’s customers, the progress toward meeting the demand for AI infrastructure and an early look at what the Company is planning for 2025, including its participation in the Optical Fiber Communications Conference (OFC) in San Francisco (March 31-April 3, 2025). Turning Vision into RealityPOET’s strategic vision of becoming a global leader in chip-scale photonics solutions based on our unique POET Optical Interposer™ platform technology is closer than ever. Our vision came into sharp focus about a year ago as demand exploded for high-speed transceivers that enable Artificial Intelligence software programs and the systems that they run on to communicate with users at light speed. For the past year we have been intensely focused on developing and manufacturing a suite of optical engines that meet not just the current demand for 800Gbps transceiver speeds, but also, when combined into multiples, are expected to address customer needs at the next two generations of products, providing pluggable module solutions at 1.6Tbps and 3.2Tbps. Over the same period, our customers have been designing modules based on POET’s optical engines and are preparing to market these modules to the top tier of AI network systems companies around the globe. Step by step along the way, our engineers have worked with their teams to build customized solutions for the data center giants that are building out an enormous AI infrastructure. Several industry experts have recognized our groundbreaking innovations in AI hardware based on the POET Optical Interposer, with awards and recognitions, including the AI Breakthrough Award, Winner of Global Tech’s “Best in Artificial Intelligence” award, and the Gold Medal from the Merit Awards as “AI Innovator of the Year”. Demand for AI is Outpacing CapacityIn recent news reports, several companies, including Microsoft and AWS,...